The remit of the Land Registry Board (LRB) is mainly supervisory, while day-to-day management is the responsibility of the Land Registry Executive Board (EXB).

Land Registry Board

The purpose of the LRB is to support, constructively challenge and provide guidance to the executive board, to supervise the development and delivery of the agreed business strategy and to ensure appropriate governance of the activities of Land Registry.

Its main objectives are to:

advise and agree on the long-term vision, the medium-term business strategy, the annual budget and key performance indicators (KPIs)

review financial and operational performance

monitor market developments for opportunities and consider any strategic risks faced by the business, ensuring adequate systems and controls are in place

ensure compliance with all statutory requirements

to ensure the business employs best practice in respect of corporate governance

ensure that effective relationships are maintained with shareholders, customers, suppliers, employees and government departments

Members

The LRB is led by an independent non-executive Chair and has up to 9 permanent members with a broadly equal split between non-executive and executive members, currently:

Land Registry Audit Committee

The role of the Audit Committee is to monitor and review the effectiveness of risk, assurance and audit activity. On behalf of the board, the committee examines the effectiveness of our:

systems of internal control and risk management systems

management of risk

action taken or to be taken to manage critical risks or to remedy any control failings or weaknesses identified

The committee is made up of 2 non-executive directors and one non-executive member (who sits on the Audit Committee only). They are independent of management and of any activity that might affect their objectivity. The Head of Internal Audit also attends committee meetings.